Market Wrap: BTC Settles at $20K as Voyager Files for Bankruptcy

Bitcoin leveled off to around $20,000 in Wednesday trading, down 1% from its high of $20,720 the previous day. The oldest cryptocurrency has changed hands largely in the $18,000 to $21,000 range for most of the past month as investors gauge the impact of rising inflation and macroeconomic uncertainty.

The majority of alternative currencies were in the green on Wednesday with Avalanche's AVAX leading the charts, up 5.5% in the last 24 hours. Ether , the second-largest cryptocurrency by market capitalization after bitcoin, was up 0.7%.For much of its short history, bitcoin has been uncorrelated to traditional markets, which served as a desirable quality for recession-conscious investors. However, according to data from Coin Metrics, bitcoin’s correlation to U.S.

“The correlation hit a new all-time high in Q2 2022 with BTC and U.S. equities moving almost in lockstep,” Coin Metrics wrote in a newsletter. “At the same time, BTC moved increasingly against risk indices like theThe release of the June consumer price index next week may show whether the recent hawkish monetary policies of the U.S. Federal Reserve have been effective.

The correlation between bitcoin and the S&P 500 reached an all-time high in the second quarter of 2022.

JimmyHe32 BabyDogeCoin

JimmyHe32 I see so many times this news in here. Btw why the market not dump yet?

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Watch: Bitcoin Tests $20K as Crypto Markets Add $50 Billion in a DayThe crypto market cap added over $50 billion in a day as bitcoin spiked above $20,000 and ETH is up 9%.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

June NFT data wrap: bear market seeps into the metaverseNFT marketplace trading volume fell 94% between January and June this year. hmm i wonder why?
Source: TheBlock__ - 🏆 464. / 53 Read more »

White-hot metal market cools in warning for global economyA white-hot corner of the aluminum market that for months defied a broader slide in metal prices is finally slumping.
Source: mining - 🏆 449. / 53 Read more »

Q2 luxury real estate: Time on market to increase for luxury listingsAgents and brokers will have to be more creative in marketing and pricing, leveling with sellers that luxury housing demand is returning to pre-pandemic levels.
Source: LuxuryDaily - 🏆 325. / 59 Read more »

VFW Post 9785 hosts weekly market in Eagle RiverThose looking to get out and soak up the sun this summer, while supporting local business, can check out the weekly VFW market in Eagle River. The market takes place each Tuesday afternoon until September.
Source: AKNewsNow - 🏆 460. / 53 Read more »

In This Market, Crypto Buyers Can’t Risk Centralized Exchanges | HackerNoonIn today’s vicious bear market, crypto investors should exercise caution and turn to what made blockchain so great in the first place: decentralization.
Source: hackernoon - 🏆 532. / 51 Read more »